GMC Sierra Lease Questions

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Hi rs1807. You really shouldn't make any sort of down payment when leasing. I always advise consumers against doing so because if your leased vehicle is totaled in an accident or stolen and not recovered during your lease term there is a good chance that you will lose any down payment that you made.

Ford's incentives on the F-Series pickup are more aggressive right now than GM's incentives on the redesigned GMC Sierra are, so I am not surprised that it is less expensive to lease a Ford than a Sierra right now.

Looking at a 2007 Sierra Denali, MSRP $48,670, Expecting to pay around invoice at $44,052 less $2,250 in incentives. 36 Mo, 15K mi, no idea of lease rates or residual. Any ideas of rate, residual and payment?

Greetings dpj. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 GMC Sierra 1500 Crew Cab with 15,000 miles per year are 8.15% and 61%, respectively. Using these numbers, an MSRP of $48,670, and a selling price of $41,802, I estimate that your zero down, pre-tax monthly payment would be around $580.

Hey multiplechoice. Here's the info that you're looking for. GMAC's current base lease rate and residual value for a 24 month lease of a 2007 GMC Sierra 1500 Crew Cab SLE 2WD with 15,000 miles per year are 7.75% and 70%, respectively. the numbers for an otherwise identical 36 month lease are 7.75% and 61%.

Car_man,I greatly appreciate your info.I'm looking at purchasing or leasing a new 07 Sierra. It seems we'll be seeing big discounts on cars again soon ie. 10k off sticker prices on Ford and GM pickups and more than 10k off full sized SUV's. Is it possible to negotiate 10k off sticker on a Sierra and then negotiate a lease? The lease would be very small because the depreciation would be negotiated out of the deal.Do you have experience with this?

The recent rate cut by the US FED will boost retail sales in the near term but the end of this year will see economic consolidation and car manuafacturers will feel the pinch again.

Hello car_man,I am getting 2 different opinions regarding the impending purchase of a new 2007 sierra 1500 crewcab. I want to take advantage of the 0% , 60 months financing. Using the pull ahead option for my 04 escalade w/ 68K miles, one dealer said i am entitled to sales tax savings using a book value for my 04 escalade , the other dealer said I am not entitled to any sales tax credit when i pull ahead, only when i trade in. Neither dealer want my vehicle as a trade in. I am currently in a smart buy, 3 months left, 16K miles over. I live in Central NY, unable to get ANY advice from GM, or GMAC. Can you advise or point me in the right direction?

Here you go, ltrejo. GMAC's current base lease rate and residual value for a 36 month lease of any 2008 GMC Sierra Crew Cab with 15,000 miles per year are 7.75% and 61%, respectively. When negotiating your lease on this truck, make sure to take advantage of the $1,000 lease cash that is available on it.

I am at the end of my lease in three months and I am debating whether or not to purchase the vehicle at the end of the lease term.Wells Fargo said that they will sell it to me for $17,204.95 plus tax they say I am pre approved, no money down and no pre-pay penalties, it is at a rate of %11.36 .

I am leery of buying it if the offer is not good, because the truck has ongoing injector issues (fixed under warantee twice but can be very expensive), but I also have a limit on my lease to my mileage of 75,000 total and I have gone seriously over (total miles 137,000 and change) and I know I cannot just get out of the lease without getting fleeced at 17 cents per mile.

So my question is should I purchase with the rate offered and will the miles matter? Or should I take the next three months and find someone to buy it for a good deal and get out scott free?And will most dealers rip me off on a trade- siince I was told I have positive equity since the truck is worth about 21,000 on Kelly blue book.

Greetings babacuz. I personally would never purchase a truck that has been having problems at the end of a lease. One of the great things about leasing is that one can walk away from a problem vehicle without having to pay a dime. Having said this, you are in a pickle with your excess mileage. It would be almost unbearable to have pay a $0.17 per mile penalty on 62,000 excess miles :surprise:. So you may be stuck buying your truck.

Perhaps your best option is to purchase your vehicle at lease-end and trade it in or sell it privately. If you can find someone who is willing to pay more than $17,000 for a 2003 Sierra that has over 130,000 miles on it you could get out of your truck essentially for free, which would be ideal. You may have trouble finding any takers at that price, but your loss would almost certainly be less than what your excess mileage penalty will be.

I was wondering if anyone could tell me the current lease rates on a Sierra 1500 4x4 with the 5.3L V8. this would be 12k miles, in the upstate NY area. As far as options, if it changes anything I am looking for a typically equipped regular or extended cab, not crew.

Welcome Tyler. Here's the information that you're looking for. GMAC's current base lease rate and residual value for a 36 month lease of any 2008 GMC Sierra 1500 Crew Cab with 12,000 miles per year would be 7.75% and 64%, respectively. The numbers for an otherwise identical lease of a 2008 Sierra 1500 Extended Cab are 4.75% and 60%. The numbers for an otherwise identical lease of a 2008 Sierra 1500 Regular Cab are 8.2% and 49%. When negotiating your lease on this truck, make sure to take the $1,000 bonus cash that is currently available on it into account.

Hello Greg. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 GMC Sierra 1500 Crew Cab 4WD with 12,000 miles per year are 7.75% and 64%, respectively. The numbers for an otherwise identical lease of an '08 GMC Sierra Extended Cab 4WD are 4.75% and 60%.

Was just offered the following deal for a 2008 GMC Sierra 1500 Ext. Cab w/ SLE2 with tow package. I think the dealer's padding the invoice price by a few hundred also. Does this seem like the best deal i can get? I reside in NV. The figures are based on 48 mos/ 12k mile

Hi speedracerr. The market for large pickups like the Sierra is absolutely dead right now. If you are in an area that has a decent level of competition, you should be able to easily get this truck for the invoice price that is listed right here at Edmunds.com, New Vehicle Pricing, minus any available cash incentives.

I was wondering if you had the updated lease rates for Sierra 1500's for July? I am interested in an extended cab Sierra 1500 4x4 with SLE1 and 5.3l, 12,000 miles, likely 36 months but that is flexible based on whatever is the best rate.

Also, does the $5000 rebate apply to leases? If not, what if any rebates do apply? I am planning to pull the trigger this month and want to know all the info before I go in.

Hi Tyler . Here's the information that you're looking for. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 GMC Sierra Extended Cab 4WD with 12,000 miles per year are 4.75% and 60%. GM is currently providing $2,000 bonus cash on this truck that can be used in conjunction with this lease program.

A reporter would like to talk with someone who bought a new GMC truck in the past six months. Please respond to jfallon@edmunds.com today, Thursday, April 16, 2009 with your daytime contact information.

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Do you have lease rates for 2010 Sierra SLE 2x4, Crew Cab, 15,000 miles, 36-month? Also, can I get the $5,000 cash back? Vendor pricing? Is there any loyalty cash that I could take advantage of? I am located in western Tennessee.

Hi cwebster34. General Motors reintroduced leasing on the Sierra for the first time in a while last month. GMAC's current base lease rate and residual value for a 36 month lease of a 2010 Sierra 1500 SLE Crew Cab 2WD with 15,000 miles per year are 0.60 and a rough 38%, respectively.

The $5,000 consumer cash that General Motors is currently providing on the 2010 Sierra is not compatible with this special lease program, however GM is providing a $2,000 cash incentive that is.

I am not aware of any loyalty cash on this specific model right now, but it wouldn't hurt to ask your dealer to double check.

Hi Car_man.Can you please provide me with the lease rates for 24/36/39 months with 12k per year on the above truck? Does the 2012 have better rates?Also, is there any lease cash or rebates available?Thank you in advance.

Hi johnppp. The reason why you have been having trouble finding information about leases of this truck is that I do not believe that General Motors is currently providing any lease support on the Sierra 2500.

If I am not mistaken, the only incentives that are available on this truck right now are 3.9% to 3.9% special financing or $2,000.